This property looks like a bad Long-Term investment with a projected -14.96% first-year return on $97,377 initial cash invested.
-14.96%
Cash On Cash
3.62%
Cap Rate
0.56
DSCR
$2,481
Rent
-$1,214
Cashflow
Cash Flow
$2,481 income − $3,695 expenses = $1,214 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$97,377
Downpayment
20%
$92,740
Closing costs
1%
$4,637
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,481
Total Expenses
$3,695
Mortgage P&I
100%
$2,487
Property Taxes
12%
$300
Home Insurance
7%
$168
HOA
4%
$95
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0